My AMT Capital Loss Carryover (AMT CLC) has differed from the regular Capital Loss Carryover (rCLC) for several years. In past years, TurboTax calculated the past year's AMT CLC and transfers it into that year's state return. But this year, it transferred only in my federal return and not state return. I'm married, filing jointly.
In order to manually input into this year's state return, where can I find last year's AMT CLC? Below are the relevant pages from my 2023 state return. Thanks!
Schedule P (540)
21 Alternative Minimum Taxable Income: 43,085
26 Alternative Minimum Tax: 0
Form 3526
1 Investment interest expense paid or accrued in 2023: 28
2 Disallowed investment interest expense from 2022 form FTB 3526, line 7: 0
3 Total investment interest expense: 28
4a Gross income from property held for investment (excluding any net gain from the disposition of property held for investment): 41,086
4f Investment income. Add line 4a, line 4d, and line 4e: 41,086
5 Investment expenses: 0
6 Net investment income. Subtract line 5 from line 4f: 41,086
7 Disallowed investment interest expense to be carried forward to 2024. Subtract line 6 from line 3.
If zero or less, enter -0-: 0
8 Investment interest expense deduction. Enter the smaller of line 3 or line 6: 28
California Carryover Worksheet (from 2022)
9a Capital loss carryover:
Regular tax | AMT |
40,658 | 34,658 |
13 Net operating loss carryforward from Form 3805V: 693,090
California Capital Loss Carryover Worksheet
1 Enter loss from Schedule D, line 11, stated as a positive number: 3,000
2 Enter amount from Form 540, line 17: -650,005
3 Enter amount from Form 540, line 18: 10,726
4 Subtract line 3 from line 2. If less than zero, enter as a negative number: -660,731
5 Combine line 1 and line 4. If less than zero, enter -0-: 0
6 Enter loss from Schedule D, line 8, stated as a positive amount: 34,430
7 Enter the smaller of line 1 or line 5: 0
8 Subtract line 7 from line 6. This is your capital loss carryover to 2024: 34,430
Schedule D (540)
